DAILY COMMODITY MARKET STRATEGY-12 Sep 2014

BASE METAL WRAP: Copper futures fell to a 12-week low on economic signals indicating easing demand in China, the world’s top consumer, and the U.S., the second-biggest.

ENERGY WRAP: West Texas Intermediate crude rebounded from an eight-month low as tension escalated between Russia and the West.

PRECIOUS METAL WRAP: Gold futures fell to the lowest since January on speculation that the Federal Reserve will raise U.S. interest rates sooner than forecast, crimping demand for a hedge against inflation. Silver slumped to a 14-month low.

GLOBAL EVENTS TO WATCH: ECB President Draghi Speaks, BOJ Gov Kuroda Speaks, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2780 SUP2:2740 RESIST1:2870 RESIST2:2950 TRADING STRATEGY: SELL ON RISE	CS COPPER (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:417 SUP2:412 RESIST1:426 RESIST2:428 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:10750 SUP2:10675 RESIST1:11100 RESIST2:11340 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:5640 SUP2:5525 RESIST1:5710 RESIST2:5780 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6164 SUP2:6080 RESIST1:6450 RESIST2:6500 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:26500 SUP2:26295 RESIST1:27030 RESIST2:27430 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3080 SUP2:2950 RESIST1:3280 RESIST2:3370 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:40500 SUP2:39500 RESIST1:41800 RESIST2:42280 TRADING STRATEGY: SELL ON RISE

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